SlideShare une entreprise Scribd logo
1  sur  19
Diagnosing Financial Health of Business By Dr. Rajeev Jain
DIGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT  LIQUIDITY, ACTIVITY, LEVERAGE, PROFITABILITY AND MARKET VALUE By Dr. Rajeev Jain 1   Liquidity Debt / Equity Management Activity or  Assets  Management Diagnosing Financial Health Profitability   Market Value
DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT LIQUIDITY Liquidity Current Ratio Liquidity Ratio Current Assets ------------------- Current Liabilities Liquid Assets ------------------- Current Liabilities By Dr. Rajeev Jain 1 A
DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT ACTIVITY Operating Cycle Receivable Turnover Payable Turnover Cash Conversion Cycle Fixed Assets Turnover Receivable in Days + Inventory in Days Purchase -------------- Average Payable Sales ----------------- Average Receivable Cost of Sales ------------------- Average Stock Receivable in Days + Inventory in Days -payable in Days Sales ---------------- Average Fixed Assets Inventory Turnover By Dr. Rajeev Jain 1 B Activity or Asset Management
DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT PROFITABILITY By Dr. Rajeev Jain 1 C Gross Profit  ROI Gross Profit ------------ x 100 Sales EBIT ----------- x 100 Capital Employed Profitability Net Profit Net Profit ------------ x 100 Sales
DIAGNOSING FINANCIAL HEALTH BY TAKING INTO  ACCOUNT LEVERAGE By Dr. Rajeev Jain 1 D
DIAGNOSING FINANCIAL HEALTH BY TAKING INTO  ACCOUNT MARKET VALUE By Dr. Rajeev Jain 1 E Price Earning Ratio Market Price ------------------- EPS Earnings Per Share Net Earning ------------------- Number of Shares Basic Earnings Per Share Net Earning from Continue Operation + Other Earnings ------------------- Number of Shares Dilute Earnings Per Share   Market Value Net Earning from Continue Operation + Other Earnings ------------------- Diluted Potential Common Stock
Z-THEORY By Dr. Rajeev Jain 1 F
Z-SCORE A TOOL OF ASSESSING FINANCIAL HEALTH By Dr. Rajeev Jain 1 G
Z-SCORE METHOD FOR ASSESSING  FINANCIAL HEALTH By Dr. Rajeev Jain 1 H
Z-SCORE -COMBINATION OF RATIOS By Dr. Rajeev Jain 1 I
Z-SCORE -FINAL OUTCOME By Dr. Rajeev Jain 1 J
PERFORMING TREND ANALYSIS TO DETERMINE FIRM'S  ABILITY TO MEET FUTURE OBLIGATIONS By Dr. Rajeev Jain 2 A
Final Outcome of Trend Analysis Competitive Pressure Target ROE Future Potential Cross Subsidization Performing Trend Analysis By Dr. Rajeev Jain 2 B Risk Scoring Risk Mapping Final Decision
Uncovering Alternative ways to measure  Financial Health other than Ratio Analysis Product Market Choices Product Market Strategies Management Goals Outlook of Sales Future Access to target sources of external finance Future need for external finance Future Financial and Competitive Performance Investments in Assets to support Product-Market strategies Stress test for viability under various scenarios Operating, Investing and Financial Plan for Next Year 3-5 years Financial Plan By Dr. Rajeev Jain 3 Measurement Tools 1.Operational Risk Analysis 2.SWOT Analysis 3.Porter's 5 Score Analysis 4.Sensitivity Analysis 5.Case Study 6.Six Sigma 7.ABM 8.TQM 9.Economic Value Added 10.Valuation of Business 11.Productivity Measures
Benchmarking past and current performance to identify the causes That have offset the well being of the company PAST V/S CURRENT RESPONSIBILITY ACCOUNTING BASE PARAMETERS TARGETS By Dr. Rajeev Jain 4
How to Deal with Recession By Dr. Rajeev Jain 5
RECESSION - AFTERMATH By Dr. Rajeev Jain 5 A
By Dr. Rajeev Jain 5 B Remarks

Contenu connexe

Tendances

Analysis & interpretation of financial statements
Analysis & interpretation of financial statementsAnalysis & interpretation of financial statements
Analysis & interpretation of financial statements
ry_moore
 
Financial analysis ppt
Financial analysis pptFinancial analysis ppt
Financial analysis ppt
dtouhey
 
Financial Forecasting & Planning
Financial Forecasting & PlanningFinancial Forecasting & Planning
Financial Forecasting & Planning
tintin_leo
 
Company Analysis
Company AnalysisCompany Analysis
Company Analysis
ukabuka
 
Working Capital Management And Cash Flow Analysis 06.07
Working Capital Management And Cash Flow Analysis 06.07Working Capital Management And Cash Flow Analysis 06.07
Working Capital Management And Cash Flow Analysis 06.07
Ketoki
 

Tendances (20)

Financial projections and budgets
Financial projections and budgetsFinancial projections and budgets
Financial projections and budgets
 
Working Capital
Working CapitalWorking Capital
Working Capital
 
Part07 finance investment ratio analysis profitability ratio
Part07 finance investment ratio analysis profitability ratioPart07 finance investment ratio analysis profitability ratio
Part07 finance investment ratio analysis profitability ratio
 
Part01 finance investment_basics_presentation
Part01 finance investment_basics_presentationPart01 finance investment_basics_presentation
Part01 finance investment_basics_presentation
 
Part10 finance investment limitations of ratio analysis
Part10 finance investment limitations of ratio analysisPart10 finance investment limitations of ratio analysis
Part10 finance investment limitations of ratio analysis
 
International financial,marketing strategy.
International financial,marketing strategy.International financial,marketing strategy.
International financial,marketing strategy.
 
Sfm intro
Sfm introSfm intro
Sfm intro
 
Analysis & interpretation of financial statements
Analysis & interpretation of financial statementsAnalysis & interpretation of financial statements
Analysis & interpretation of financial statements
 
Financial analysis ppt
Financial analysis pptFinancial analysis ppt
Financial analysis ppt
 
Corporate financial strategy
Corporate financial strategyCorporate financial strategy
Corporate financial strategy
 
Financial Forecasting & Planning
Financial Forecasting & PlanningFinancial Forecasting & Planning
Financial Forecasting & Planning
 
Company Analysis
Company AnalysisCompany Analysis
Company Analysis
 
Step-by-Step: How To Analyze A Company
Step-by-Step: How To Analyze A CompanyStep-by-Step: How To Analyze A Company
Step-by-Step: How To Analyze A Company
 
Ratio Analysis Er. S Sood
Ratio  Analysis Er. S SoodRatio  Analysis Er. S Sood
Ratio Analysis Er. S Sood
 
Basic principle of financial statement analysis
Basic principle of financial statement analysisBasic principle of financial statement analysis
Basic principle of financial statement analysis
 
Income statement
Income statementIncome statement
Income statement
 
Financial forecasting
Financial forecastingFinancial forecasting
Financial forecasting
 
Working Capital Management And Cash Flow Analysis 06.07
Working Capital Management And Cash Flow Analysis 06.07Working Capital Management And Cash Flow Analysis 06.07
Working Capital Management And Cash Flow Analysis 06.07
 
Corporate Crisis - The Turnaround: How to save your Company
Corporate Crisis - The Turnaround: How to save your CompanyCorporate Crisis - The Turnaround: How to save your Company
Corporate Crisis - The Turnaround: How to save your Company
 
Guidelines and uses of financial statement analysis
Guidelines and uses of financial statement analysisGuidelines and uses of financial statement analysis
Guidelines and uses of financial statement analysis
 

Similaire à Diagnosing financial health of business 1 new 19 slides

Your Path to Profitable Stocks: The Fundamental Analysis Advantage
Your Path to Profitable Stocks: The Fundamental Analysis AdvantageYour Path to Profitable Stocks: The Fundamental Analysis Advantage
Your Path to Profitable Stocks: The Fundamental Analysis Advantage
Tech Seeker
 
Presentation- HDFC Business Cycle Fund NFO.pdf
Presentation- HDFC Business Cycle Fund NFO.pdfPresentation- HDFC Business Cycle Fund NFO.pdf
Presentation- HDFC Business Cycle Fund NFO.pdf
yadav9mike
 

Similaire à Diagnosing financial health of business 1 new 19 slides (20)

PDP Presentation
PDP PresentationPDP Presentation
PDP Presentation
 
Kraft Heinz Presentation at the 2024 CAGNY.pdf
Kraft Heinz Presentation at the 2024 CAGNY.pdfKraft Heinz Presentation at the 2024 CAGNY.pdf
Kraft Heinz Presentation at the 2024 CAGNY.pdf
 
Promacs ppt Tamplate 2022[53] - Read-Only.pptx
Promacs ppt Tamplate 2022[53]  -  Read-Only.pptxPromacs ppt Tamplate 2022[53]  -  Read-Only.pptx
Promacs ppt Tamplate 2022[53] - Read-Only.pptx
 
TE UBS 2014 Investor Presentation
TE UBS 2014 Investor PresentationTE UBS 2014 Investor Presentation
TE UBS 2014 Investor Presentation
 
Sales and operations planning bfs boston 2007
Sales and operations planning   bfs boston 2007Sales and operations planning   bfs boston 2007
Sales and operations planning bfs boston 2007
 
Performance Management Using KPIs
Performance Management Using KPIsPerformance Management Using KPIs
Performance Management Using KPIs
 
T1 ch1
T1 ch1T1 ch1
T1 ch1
 
comparative analysis of mutual fund ppt
comparative analysis of mutual fund pptcomparative analysis of mutual fund ppt
comparative analysis of mutual fund ppt
 
Anand Dave(Mba)1
Anand Dave(Mba)1Anand Dave(Mba)1
Anand Dave(Mba)1
 
Your Path to Profitable Stocks: The Fundamental Analysis Advantage
Your Path to Profitable Stocks: The Fundamental Analysis AdvantageYour Path to Profitable Stocks: The Fundamental Analysis Advantage
Your Path to Profitable Stocks: The Fundamental Analysis Advantage
 
Financial ratios and their use in understanding Financial Statements
Financial ratios and their use in understanding Financial StatementsFinancial ratios and their use in understanding Financial Statements
Financial ratios and their use in understanding Financial Statements
 
Investor-Day-Presentation-vFinal-for-Website.pdf
Investor-Day-Presentation-vFinal-for-Website.pdfInvestor-Day-Presentation-vFinal-for-Website.pdf
Investor-Day-Presentation-vFinal-for-Website.pdf
 
Ratio Analysis PPT.pptx
Ratio Analysis PPT.pptxRatio Analysis PPT.pptx
Ratio Analysis PPT.pptx
 
Med releaf investor presentation dec 2017 12072017
Med releaf investor presentation dec 2017 12072017Med releaf investor presentation dec 2017 12072017
Med releaf investor presentation dec 2017 12072017
 
1001205101
10012051011001205101
1001205101
 
Reliance industries working capital project
Reliance industries working capital projectReliance industries working capital project
Reliance industries working capital project
 
Digital Turbine Inc (APPS) Stock Analysis
Digital Turbine Inc (APPS) Stock AnalysisDigital Turbine Inc (APPS) Stock Analysis
Digital Turbine Inc (APPS) Stock Analysis
 
Sales forcasting, budget and Cost control
Sales forcasting, budget and Cost controlSales forcasting, budget and Cost control
Sales forcasting, budget and Cost control
 
Biogen Explodes Higher After Potential Mega Blockbuster Alzheimer's Drug Succ...
Biogen Explodes Higher After Potential Mega Blockbuster Alzheimer's Drug Succ...Biogen Explodes Higher After Potential Mega Blockbuster Alzheimer's Drug Succ...
Biogen Explodes Higher After Potential Mega Blockbuster Alzheimer's Drug Succ...
 
Presentation- HDFC Business Cycle Fund NFO.pdf
Presentation- HDFC Business Cycle Fund NFO.pdfPresentation- HDFC Business Cycle Fund NFO.pdf
Presentation- HDFC Business Cycle Fund NFO.pdf
 

Dernier

20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
Adnet Communications
 
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
dipikadinghjn ( Why You Choose Us? ) Escorts
 

Dernier (20)

The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
Call Girls in New Friends Colony Delhi 💯 Call Us 🔝9205541914 🔝( Delhi) Escort...
Call Girls in New Friends Colony Delhi 💯 Call Us 🔝9205541914 🔝( Delhi) Escort...Call Girls in New Friends Colony Delhi 💯 Call Us 🔝9205541914 🔝( Delhi) Escort...
Call Girls in New Friends Colony Delhi 💯 Call Us 🔝9205541914 🔝( Delhi) Escort...
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 

Diagnosing financial health of business 1 new 19 slides

  • 1. Diagnosing Financial Health of Business By Dr. Rajeev Jain
  • 2. DIGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT LIQUIDITY, ACTIVITY, LEVERAGE, PROFITABILITY AND MARKET VALUE By Dr. Rajeev Jain 1   Liquidity Debt / Equity Management Activity or Assets Management Diagnosing Financial Health Profitability   Market Value
  • 3. DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT LIQUIDITY Liquidity Current Ratio Liquidity Ratio Current Assets ------------------- Current Liabilities Liquid Assets ------------------- Current Liabilities By Dr. Rajeev Jain 1 A
  • 4. DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT ACTIVITY Operating Cycle Receivable Turnover Payable Turnover Cash Conversion Cycle Fixed Assets Turnover Receivable in Days + Inventory in Days Purchase -------------- Average Payable Sales ----------------- Average Receivable Cost of Sales ------------------- Average Stock Receivable in Days + Inventory in Days -payable in Days Sales ---------------- Average Fixed Assets Inventory Turnover By Dr. Rajeev Jain 1 B Activity or Asset Management
  • 5. DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT PROFITABILITY By Dr. Rajeev Jain 1 C Gross Profit ROI Gross Profit ------------ x 100 Sales EBIT ----------- x 100 Capital Employed Profitability Net Profit Net Profit ------------ x 100 Sales
  • 6. DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT LEVERAGE By Dr. Rajeev Jain 1 D
  • 7. DIAGNOSING FINANCIAL HEALTH BY TAKING INTO ACCOUNT MARKET VALUE By Dr. Rajeev Jain 1 E Price Earning Ratio Market Price ------------------- EPS Earnings Per Share Net Earning ------------------- Number of Shares Basic Earnings Per Share Net Earning from Continue Operation + Other Earnings ------------------- Number of Shares Dilute Earnings Per Share   Market Value Net Earning from Continue Operation + Other Earnings ------------------- Diluted Potential Common Stock
  • 8. Z-THEORY By Dr. Rajeev Jain 1 F
  • 9. Z-SCORE A TOOL OF ASSESSING FINANCIAL HEALTH By Dr. Rajeev Jain 1 G
  • 10. Z-SCORE METHOD FOR ASSESSING FINANCIAL HEALTH By Dr. Rajeev Jain 1 H
  • 11. Z-SCORE -COMBINATION OF RATIOS By Dr. Rajeev Jain 1 I
  • 12. Z-SCORE -FINAL OUTCOME By Dr. Rajeev Jain 1 J
  • 13. PERFORMING TREND ANALYSIS TO DETERMINE FIRM'S ABILITY TO MEET FUTURE OBLIGATIONS By Dr. Rajeev Jain 2 A
  • 14. Final Outcome of Trend Analysis Competitive Pressure Target ROE Future Potential Cross Subsidization Performing Trend Analysis By Dr. Rajeev Jain 2 B Risk Scoring Risk Mapping Final Decision
  • 15. Uncovering Alternative ways to measure Financial Health other than Ratio Analysis Product Market Choices Product Market Strategies Management Goals Outlook of Sales Future Access to target sources of external finance Future need for external finance Future Financial and Competitive Performance Investments in Assets to support Product-Market strategies Stress test for viability under various scenarios Operating, Investing and Financial Plan for Next Year 3-5 years Financial Plan By Dr. Rajeev Jain 3 Measurement Tools 1.Operational Risk Analysis 2.SWOT Analysis 3.Porter's 5 Score Analysis 4.Sensitivity Analysis 5.Case Study 6.Six Sigma 7.ABM 8.TQM 9.Economic Value Added 10.Valuation of Business 11.Productivity Measures
  • 16. Benchmarking past and current performance to identify the causes That have offset the well being of the company PAST V/S CURRENT RESPONSIBILITY ACCOUNTING BASE PARAMETERS TARGETS By Dr. Rajeev Jain 4
  • 17. How to Deal with Recession By Dr. Rajeev Jain 5
  • 18. RECESSION - AFTERMATH By Dr. Rajeev Jain 5 A
  • 19. By Dr. Rajeev Jain 5 B Remarks

Notes de l'éditeur

  1. 06/04/11 08:27 © 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.
  2. 06/04/11 08:27 © 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.